Punjab National Bank (PNB), one of India’s leading public sector banks, has released its provisional business figures for the quarter ending 31st December 2024. The report highlights strong growth across various business parameters compared to the same period in the previous year, showcasing the bank’s solid performance.
Key Highlights:
- Global Business: PNB’s global business reached ₹26,42,341 crores, marking a 4.8% quarter-on-quarter (QoQ) and 15.3% year-on-year (YoY) growth.
- Domestic Business: The bank’s domestic business grew to ₹25,37,334 crores, with a 4.5% QoQ and 14.3% YoY increase.
- Global Deposits: Provisional global deposits stood at ₹15,30,401 crores, a growth of 4.9% QoQ and 15.6% YoY.
- Domestic Deposits: Domestic deposits grew by 4.2% QoQ to ₹14,75,482 crore, marking a 14.4% YoY rise.
- Global Advances: Advances increased by 4.7% QoQ to ₹11,11,940 crores, showing a 15.0% YoY growth.
- Domestic Advances: Domestic advances saw a 5.0% QoQ rise to ₹10,61,852 crores, with a 14.1% YoY growth.
PNB’s global credit-deposit (CD) ratio stood at 72.66%, reflecting a healthy balance between its credit and deposit mobilization.
